Posted by karp on April 09, 1999 at 09:01:53:
This is doable.
A couple of things will be ugly, though. With bad credit and a loan that small you will certainly pay higher than A paper rates for this.
I would just get on the phone and call a local mortgage broker.
Thanks,
karp
Re: Refinance Land Contract - Posted by Chas bryant
Posted by Chas bryant on April 09, 1999 at 08:58:25:
I am in search for a lender for a client is currently
paying on a Land Contract he purchased over 2 years ago
for the purchase price of $20,000 with a down payment of
$3,000 and monthly payments of $350.00 per month.
He has good job and over 9 years with current employer
but has poor credit due to medical bills.
He wants to refinance the Land contract and finance the
seller out and pay medical bills and home improvements
ALL IDEAS ARE WELCOME. THANK YOU.
Re: Refinance Land Contract - Posted by JPiper
Posted by JPiper on April 09, 1999 at 11:51:04:
You might also try calling Beneficial…they deal in smaller mortgages.
JPiper